China Merchants Port Group Co.,Ltd.’s Net Profit Dropped 16.9% in First Half of 2023

China Merchants Port Group Co.,Ltd. (招商局港口集团股份有限公司) (001872.SZ) reported a net profit of 4.1 billion yuan in the first half of 2023, down 16.9% year-on-year.

Meanwhile, the company posted 7.8 billion yuan in revenue, down 4.4% year-on-year.

At the end of the reporting period, it had 204.9 billion yuan in total assets and 74.2 billion yuan in total liabilities, with a liability-to-asset ratio of 36.2%.